Andrew Yakubu vows to reposition the NNPC for better service

Nigerian president Goodluck Jonathan yesterday received a new Petroleum Industry Bill (PIB) at the State House.
The Bill, which is due for presentation to the National Assembly in two weeks, was the product of the Special Task Force on the Review of Petroleum Industry Bill and the Petroleum Industry Bill Technical Committee set up by the Petroleum Resources Minister, Mrs Alison-Madueke, about six months ago.
Also, the new Group Managing Director of the NNPC, Mr Andrew Yakubu, who was at the presentation, has vowed to reposition the NNPC for better service and to be at par with other state-owned oil company.
Speaking with the State House correspondents after the meeting with the President, Mrs Alison-Madueke said Nigerians would be proud of the new PIB.
According to him, “Nigerians should understand that we have been in a hurry for a long time to put this bill out, but we will try to ensure that by the time it enters the National Assembly, we are very comfortable with it.
“We are putting forward a bill that we believe the oil and gas sector can stand on and can grow on for many years to come in this country.
“We will go forward now as directed and prepare for the presentation to the Federal Executive Council. My assumption, therefore, is that within the next 10 to 14 days, it will be in their hands; but again that will be at the pleasure of Mr. President.